Amortization Schedule
See how each monthly payment is split between principal and interest over the life of your loan.
How Amortization Works
In the early years of a loan, most of your payment goes toward interest. Over time, more is applied to principal, building your equity.
- Make extra payments – Even one extra payment per year can save thousands in interest.
- Shorter term = faster equity – A 15‑year loan builds equity much faster than a 30‑year loan.
- Refinance if rates drop – Lower rates reduce interest over the long term.